Ripple has been making positive waves and buzz in the Crypto space, and it remains so for a long time. XRP is the third largest cryptocurrency by market cap and the top banks and institutional choice when it comes to adopting blockchain innovation. It is quite convincing that XRP will thrive in 2019. It’s not so surprising that many people are optimistic about the cryptocurrency in 2019 and beyond.

It appears that after XRP got out from months of the downtrend in September last year, it marked the end of a major bearish market for the cryptocurrency which is an excellent report not for only XRP’s price but also the entire cryptocurrency market.

There are so many analysts predicting good fate for Ripple. No one can certainly tell or know the exact future of any coin with the stir of the volatile market trend, however, with new interventions, the mass adaptation, and future developments, analysts are very confident that Ripple’s XRP will surpass its bullish price targets in 2019. According to analysts Ripple will significantly increase this year because of its prospect as a global payment solution with more banks trooping in its blockchain.

Explicitly, analysts have viewed Ripple’s partnership with American Express as a very interesting one, as it has successfully taken major grounds in the Chinese market which is a very great step as the huge Chinese market is already making a lot of digital payments. Permitted to settle in the Chinese Yuan, gives XRP the exchange right to the Chinese currency.

Many analysts are also expecting China to have about 10 billion credit cards circulating by 2020 which will result in a positive estimate and a vast number of payments. This with many other bank partnerships will get more companies aware of the potential of the cryptocurrency to banks…

While many digital currencies have been struggling during the so-called crypto winter, litecoin has been enjoying significant upside.

Thus far in 2019, the cryptocurrency has rallied more than 100%, climbing from $30.35 on January 1 to $62.77 on March 17, CoinMarketCap data shows.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Prime dealer SFOX sought to explain what caused these gains in an industry report, pointing to five key factors:

Merchant Adoption Has Increased

The industry report emphasized that litecoin, created in 2011, was designed to be a “frictionless, borderless, peer-to-peer electronic cash.”

As a result, anything that helps the digital currency fulfill this purpose can potentially boost its price.

In the years following its release, the number of businesses that accept litecoin as a means of payment has increased significantly.

The digital currency experienced a major breakthrough on February 12, when the Twitter account for mobile app Spend announced it was offering litecoin functionality, allowing people to use the digital currency as a payment method for more than 40 million global merchants.

Transactions Have Become Faster

Litecoin has been making progress toward decreasing its transaction time, which is crucial in helping this digital currency serve as a viable medium of exchange.

Both the number of active nodes and payment channels on litecoin’s lightning network have been on the rise this year, helping enable…

https://dailybitcoinreport.com/wp-content/uploads/2019/03/Official_Litecoin_Logo_With_Text-1-1.png163595adminhttps://dailybitcoinreport.com/wp-content/uploads/2017/09/bitcoin-300x59.pngadmin2019-03-19 20:53:522019-03-19 20:56:48Why Litecoin Prices Have Doubled This Year

Over the past couple of weeks Bitcoin has been caught in an incredibly tight trading range between roughly $3,900 and $4,000, with strong resistance existing at the latter price point. Earlier today, BTC saw increased levels of volatility, but it has since stabilized back to the lower-$3,900 region.

One analyst is now pointing out that Bitcoin’s current price action is looking strikingly similar to that which was seen in early-November just prior to BTC’s price crash that sent it from over $6,000 to nearly $3,000.

At the time of writing Bitcoin is trading up marginally at its current price level of $3,930 and is up from its daily lows of slightly below $3,900. Earlier today, BTC experienced some slight levels of volatility after it quickly climbed to nearly $4,000 before being swiftly rejected and falling to below $3,900. It has since stabilized back to its current price levels.

Recently, analysts have been pointing out that the cryptocurrency’s recent price action is nearly identical to that seen in early-November of 2018, where BTC traded sideways at roughly $6,400 for an extended period of time before plummeting to lows of $3,200.

Moon Overlord, a popular cryptocurrency analyst, recently pointed this out, concisely stating that the crypto’s current price action is “feeling very similar [to] before the drop from…

Blockchain is certainly a technology that has gained a lot of attention in the past decade – and for good reason. For one, it has enabled one of the most interesting concepts of the day, cryptocurrency. It has also made our lives a lot simpler and easier. And the changes and benefits that blockchain has brought us have just started. Take a look at some of the biggest changes that blockchain has brought to the world:

Better Cybersecurity

Considering that blockchain was created to enable safer transactions between parties, it’s no wonder that it’s enabling better security all across the web. There are already many blockchain applications across the web that enable safer data storing. No one wants their personal data – name, social security number, credit card numbers and so on – stolen. This is why blockchain is great. It’s protecting the world against cyber crime.

Streamlining Financial Operations

While traditional methods of wiring money to someone across borders are really complex and require high fees, blockchain payments are really simple and have low fees. Traditional wiring involves many banks and intermediaries; which not only takes a long time, but also costs a lot. On the other hand, you have the blockchain, which streamlines financial transactions, where the money is sent directly and with low fees. It’s also quick.

Improved Advertising

Blockchain technology is useful in advertising because it boosts credibility. Companies can check whether the clicks they receive are from bots or real people, which is really important in boosting and improving the content that they produce. Statistics are more valid and they can actually be useful in finding out what you need to improve and what you can keep.

Cryptocurrency as Funding

Blockchain has enabled ICO, or initial coin offering, which is a new way of funding for blockchain startups. The company creates a white paper explaining their technology and investors can buy tokens in exchange for cryptocurrency like Bitcoin, Ether, and so on. This has shown to be very…

A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels.

While a moving average of any length can be used, the 200-day moving average is a standard in financial analysis. Put simply, an asset trading above the 200-day MA is considered bullish (likely to move higher), while one trading below it is considered bearish (likely to move lower).

Since the long-time market leader bitcoin is not currently trading above its 200-day moving average, one could be forgiven for assuming all other cryptocurrencies are following its footsteps.

If you take one look at Coin Market Cap, it becomes easily apparent that cryptocurrency trading is reaching multi-month highs. However, researchers claim that many established crypto exchanges are reporting billions in false volume each and every day, potentially setting precedent for a nasty drop in the Bitcoin price.

For much of late-2018, exchanges in this space saw little traffic. Case in point, the daily nominal value of cryptocurrency trades fell under $10 billion on a number of occasions. But, ever since Bitcoin’s tumble in mid-November, trading activity has purportedly been on the up-and-up.

In February, exchanges posted a collective $25 billion or more — approximately 20% of the market value of all digital assets — in volumes each and every day. To give this statistic some much-needed perspective, this budding market hasn’t seen such activity seen early-2018, when cryptocurrencies were still trending on Twitter worldwide and mainstream media outlets covered the matter day in, day out.

But, Crypto Integrity, a blockchain-centric research division that specializes in market manipulation and fraud, claims that volume figures seen are far from cut and dried.

88% Of Trades Could Be False

Integrity released its February report earlier this week, which outlined the presence and veracity of “fake volumes in cryptocurrency markets.” The pseudonymous team explains that there’s a high likelihood that 88% of all trading volume seen on exchanges during February, which was when tumult in Bitcoin markets returned, is entirely false…

The cryptocurrency industry was born during the fallout of the 2008 economic crisis that caused the Great Recession. Satoshi Nakamoto designed Bitcoin as the first-ever cryptocurrency with the goal of removing the control governments and banks had over individual’s funds.

Nakamoto designed the BTC supply to have a hard cap so that the cryptocurrency would have a deflationary attribute, but the limited supply also has a dramatic effect on Bitcoin price due to the ebb and flow of demand.

Intermediaries currently control as much as 16% of the BTC supply already, just ten years into the crypto’s life, and the percentage of control will only increase from here due to the influx of banks, businesses, and more trying to get a piece of the emerging crypto market.

But what implications will such control over the BTC supply have on Bitcoin price? And does this control go against everything Bitcoin itself stands for…

Jack Dorsey, CEO of Twitter and Square, goes onto a podcast called ‘Tales from the Crypt’ and alludes to spending $10,000 per week (the Cash App limit) on Bitcoin. While this isn’t a lot of money for him, it is for most other people. He seems to be taking a big bet on Bitcoin.

The host of ‘Tales from the Crypt‘, Marty, along with others in Tales from the Crypt started a movement called ‘Stacking Saturday’ where everyone buys $25 worth of Bitcoin. Jack Dorsey replied, “I saw all of the screenshots on Twitter, I thought that was awesome. I would have participated but I already exceeded my limit on Cash App, so I couldn’t purchase any more.”

When the host mentioned that they will be doing it tomorrow, Jack replies “Tomorrow I probably can, I think we have a limit that rotates every week or so.”

It could be the case that Jack has been dollar cost averaging himself into Bitcoin for the past weeks and maybe even months. While he has been a huge proponent of Bitcoin for a while now, this is really big news. Add the fact that last week he got himself a Casa Node to test the Lightning Network and even said, “It isn’t a question of if, but whenLightning Network will make its way to Cash App.”

“What does the internet ultimately want? I think it will want to have its own currency. A currency that is effectively global and exists on its territory instead of through the territories of various nation states that we have today.“

When asked about his opinion of money being taken out of the government’s hands, he replied…

New York-based digital asset research firm has released an in-depth report on Ethereum, and one small part of the report involves the potential for Ethereum’s ether token to outperform bitcoin if a crypto market rally were to take place soon. This potential for ether to outperform bitcoin is mostly based on the increased volatility that ether and other altcoins have when compared to bitcoin’s price movements combined with the observation that all crypto assets tend to move in the same direction.

High Beta Risk-Reward

One page of the Delphi Digital report is called High Beta Risk-Reward. On this page, ether’s beta, which is a technical measurement related to volatility, relative to bitcoin is illustrated on multiple graphs to make the point that ether has been much more volatile than bitcoin over the past six months.

“ETH has also been significantly more volatile than BTC over the last six months. It’s 90-day beta relative to BTC is currently 1.5, substantially higher than its historical average (though price history is limited),” reads the report.

In general, crypto assets all tend to move in the same direction. According to LongHash, this phenomenon became even more obvious recently, as…